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haven't seen any political progress here. >> right. and mohamed, let me ask you this. let's talk act the first piece of damage we may see, which we saw during the debt ceiling debate, the idea that the u.s. gets its credit rating hurt again. there's been some talk about it from fitch. the net result of lowering the u.s.' credit rating the last time around and-in the debt debacle, it's kind of sad because the first experience most people have with that is it wasn't as bad as we were warned it was going to be. is there a real danger to the u.s.' debt rating and what could that mean? >> at some point, there was a danger. the reason why we haven't felt it is because we've been doing better than rest of the world. this concept that my colleague, bill gross says, wear the cle cleanest dirty shirt. so we're not clean but we're cleaner than europe is right now. >> right. >> so we haven't felt it. my main worry is the following, that if the republicans and democrats can't get together to solve the fiscal cliff you will need an external force, a major market sell-off, you will need a major eco
or at least for the start of the year? we have pimco's mohamed el-erian later on in the program. stick around. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the
reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been saying the 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. talk to me about the consequences to our prosperity if washington doesn't reach a deal. >> the consequences are not good. so what the numbers are telling you is that the private sector is healing. and if the private sector were left to its own devices, it would heal faster. unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves can't unite. which means that the cooperative solu
it is obvious that mohammed morsi fully intends to create hard line islamist regime there as explained in the last 80 years of the group's history. somehow "the new york times" manages to find that moderate, unquote. jon: you're right, jim it is kirkpatrick, that's why you're so good keeping an eye on the media, including me. let's see what president obama had to say when hosni mubarak was in power listen to this. >> it is not the role of any other country to determine egypt's leaders, only the egyptian people can do that. what is clear, and what i indicated tonight to president hosni mubarak is my belief that an orderly transition must be meaningful, it must be peaceful, and it must begin now. jon: so, the president got his wish. hosni mubarak ended up leaving office and look at what we have. who is this guy, this muslim brotherhood member, alan? >> it wasn't up to president obama to change government in egypt. it didn't happen because of president obama it happened because of an arab spring and it happened organically because the people in egypt, which is the way it should happen, we
constitution. the bill backed by president mohamed morsi and the -- the referendum passed by a narrow margin, while opponents say the draft constitution does not protect the rights of women and minorities. >> i would have respected the results of the referendum if i felt there were no violations in the process and no fraud. >> no one is looking for what is the best for egypt. everyone is looking for what is best for themselves. we need people seeking the best for the egyptian people, who will work for a better egypt. >> this is the role of democracy, and we expect it to read something like 60 percent. if you see 60 percent of the population, you have to follow that. >> the head of nato says the syrian government has been increasingly desperate and is close to collapse. these pictures filmed last week show how badly parts of damascus has been damaged in the ongoing fighting. this is the largest which the largely deserted province of dalian. a food and fuel for shortage has become severe. the lack of fuel has forced the closure of several factories in damascus. gasoline is selling for less tha
by some demonstration, protesting the mohammed video, getting out of control. a lot of people in congress have said the mohammed video story was a cover-up. i actually hope for the good of the country that is true because at least it would demonstrate that the president understood reality. he was trying to sweep it aside. i'm worried that the ideology that controls the white house and presumably the state department which we're going to see four more years of, leaves us dangerously unprepared to meet the threats that we see from al qaeda, from other terrorist groups in the middle east and around the world. gregg: what do you think john kerry brings to the table? >> well, he certainly has a lot of experience, although a lot of it has been badly, bad judgment in a range of issues. he has been soft on the iranian nuclear weapons program. he has been soft on the north korean nuclear weapons program. he has been soft on russian desires to recreate russian hogeminy in the former soviet union. he has been soft on china's territorial demand in the south china sea. i could go on. i think he will f
. the magazine's list included mohamed morsi, tim cook and malala yousafzai, the pakistani teach ager shot for advocating girl's education. rick stengel joins me now. he's the managing editor of time. how do you go about selecting the person of the year. and in the end you decide. >> and in the end i decide. >> rose: don't you love privilege? >> (laughs) it weighs on your shoulders always time, as you know. probably beginning in the middle of the year we start thinking about it, a month or so later i start asking people like you, members of the "time" 100, our correspondents, editors, writers start sending in suggestions and have meetings and then we start talking about ideas, tloung out names, sometimes it's not a person but a group of people, like last year, the protester. in the end we whittle it down to a short list and then we choose. >> what is it you that you measure them by? >> it's a historical thing, charlie. you measure them in part by past person of the year winners. i always like to feel the person who wins person of the year is both backward looking in terms of the year past
's future. opponents of egyptian president mohammed morsi marched toward the presidential palace in cairo today after he rejected their demands. thousands of his islamists supporters vowed vengeance for two men killed in clashes this week. u.s. and russia are trying to get on the same page regarding syria. top diplomats today announce another effort stopping the bloodshed and getting rid of bashar assad. national security correspondent jennifer griffin tonight from the pentagon on what happens if diplomacy fai fails. >> rebel forces close in on the airport, the planners expect fighting in syria to intensify. u.s. officials are pessimistic they can resol t syrian conflict diplomatically, but seem certain that assad is losing his grip on power. >> every syrian must be included this process for a new and better future. future cannot include assad. >> military in meantime is actively planning should vit to intervene to assure assad's chemical weapons. hundreds of u.s. and nato troops will soon be heading to the turkish border with syria to operate patriot missile defense batteries. this summe
offered nothing concrete to diffuse the worst political crisis in nearly two years. >> mohamed morsi addressed the nation, trying to soften his position that has angered protesters over the last several days. in fact one of the sticking points that has been fueling these proce protests has been a decision that was issued by morsi. today he tried soften his position by saying that his decisions were in fact subject to judicial review, but he also wanted to try to solve then other positions that have been fueling some of the protests. he said the constitutional referendum scheduled for december 15th would go ahead as planned, but if it fails, there would be a new assembly. more importantly, he's now reaching across the political divide to meet with some of the country's political opposition figures. they say they will not necessarily meat with the president until that decision, at least that decree, is rescinded. they're still going ahead with calls for friday's million man march and outside the presidential palace, hundreds of protesters gathered for a third straight day following two
, almost looking at quarters. mohamed el-erian from pimco said he was worried about the third quarter reporting season because there was a finite about about what companies could do from the top and they had to focus on the top line. so in october, however, we saw a bit of a recovery from q3. and our flash figures were 2%, 2.5% in october. we have not told the market what we did in november, but it was better than october. and so we've ended up, you know, towards the end of november, after november, up by 3%, a little bit more than 3%, actually. >> yeah. >> and december, we have to wait and see. because we get another attack he of quarter-itis, so you have to be very careful. >> any lessons to be learned at all? is anything to go going to be next year than what it was? >> caution prevails. we have these gray swans, the unknown unknowns. we don't know what's going to happen. but the known unknowns are clearly the eurozone we're talking about, which will muddle through. china ma had soft landing. brics had a soft landing. the third area is in the middle east which you know a lot about,
instead of looking at calendar years almost seemed to be looking at quarters. mohamed el-erian said he was worried about the reporting season because there was a finite number of what companies could do in terms of cost. a number of companies missed the top line forecast, not so many the bottom line as the top line. so in october, however, we saw a little bit of a recovery from q3. and our flash figures were 2% and we did 2.5% in october. we have not told the market what we did in november, but it was better than october. and so we've ended up, you know, towards the end of november up by 3%, a little bit more than 3%, actually. and december, we have to wait and see. >> i've seen that you're continuing the plans in china and in particular from what i can tell. >> absolutely. >> are you going to try and diversify them further? >> well, if i do have any regrets -- and i've had a few over the years that i'm willing to admit publicly -- it would be that we didn't have enough of our operations in britain and that we didn't have enough in asia and latin america, africa and the middle east and
of that financing model. i think at some point next year it will probably break down. >>> president mohammed morsi has congratulated egyptians for a new constitution. in a tv address to the nation, mr. morsi said changes maybe necessary. the document is too islamist and has rejected the call for dialogue according to some. >>> a super winter storm that pounded the southeast and midwest is now pounding the northeast. the storm has created havoc on roads and at the airports and this as people start returning home after christmas. more than 1800 u.s. flights have been canceled since tuesday. makes the fact that a lot of usair line stocks were at 1 1/2 year highs yesterday. >>> a u.s. federal jury has found martel in patent violations. carnegie mellon sued marvell in 2009. the company is now hopeful the judge will reverse the verdict, but says lit plan to appeal. marvell shares were down 15% in frankfurt today. you can see investors are not sure they'll be able to appeal that one. shareholders could face high losses, but the so-called frob does not specify just how much the equity would be diluted. it
. >> as mohamed el-erian said, it's the new normal. nothing is going to happen next year in all probability. there will be the italian electrics. if berlusconi starts to poll better in a run up to the italian elections, which i think will happen, then you're likely to see bonds markets reacting a little bit to that. that could cause problems in the spanish and italian yield curve. so maybe that would that will trigger mariano rajoy asking for a bailout. anything which happens on the policy front, anything which happens in the next few months is going to be weighed for its impact on the election prospects come next september. >> you're lucky because we have a whole lot more europe after the break. we can continue to talk about all things european. but of all of this talk about the cliff, if it hasn't sent you over the edge yet, head on to our website and take the cliff quiz. see if you can match the right quiz with a number of things in. >> you can also take a look at what's on the agenda today in the u.s. a couple of economic reports wrap up the week. both due out at 10:00 a.m. eastern. the
, the response is nothing. mohammed's son tells us, "today, i sent my brother to get bread at 6:00 a.m." look, it's 3:00 p.m. right now and he hasn't gotten any. the kids haven't eaten." the power is out, as it has been for weeks. and now the water is cut as well. there is a growing sense of desperation among people here. stalked by both hunger and danger. "god gave me these children. these children are my responsibility," the man laments. now i can't even get them a loaf of bread. before, i could. now, i can't. the price of bread has skyrocketed due to a flour shortage. along with it, a population's anger. the situation is so dire that people say society is beginning to disintegrate. this is yet another bread line. we were just at one further up the road where the crowd ended up mobbing around us, furious. they said that they wanted us to leave because they were fed up with people filming them. they feel as if the world is simply mocking their misery. and just four days, the cost of fuel jumped from 85 syrian pounds to 150. but beyond the now astronomical cost of survival, it's the constant fear
, it would have been hard to beat mohammed ali at any time, i don't care how great you were. it's hard to say become the greatest. what is a great accomplishment is that they know my name. i think that's for a guy like me, that's great accomplishment just to have my peers know who i am. that's the overwhelming opinion of fighters in general. >> brian: you starred on broadway. you put it out in las vegas. then you hook up with spike lee and go on broadway v a long run. what are you doing now with the story of your life? >> we're going on tour, 36-city tour. we're starting in february 11 in indianapolis and then going to go all over the nation. >> brian: what did spike lee bring to the production? it got rave reviews. as you walked out on stage and just yourself talking about your life, the highs and lows. when you hooked up with spike lee, what did he bring to the production? >> he brought the dynamics of which i had no idea, about catching -- the right moment, the right stance, which i had no idea because i'm not stage proficient and the way spike is. so he showed me certain ways to sit and s
by the egyptian president mohammed morsi. it is expected to take place at any time. we're told that during the day he met with the army chief as well as his ministers to try to come up with some way to stablize the country. he was in the presidential palace earlier in the day. this despite the fact that there was some very violent clashes in the last 24 hours just outside that palace. take a look at the tape and you can see what took place just a few hours ago. on one side supporters of th president morsi. on the other secular groups say they oppose the islamist agenda. during the clashes firebombs and rocks were thrown. there was also gunfire. as you mentioned at least seven dead and at least 600 injured. the republican guard placed tanks and armored vehicles outside the presidential palace this morning and the commander of the guard which is primarily tasked with protecting the presidential compound tried to assure egyptians in this conflict it is not going to take sides. in the last few hours the guard ordered rival protesters to leave the presidential palace. morsi supporters have withdrawn an
on the charter. guest: this has been a controversy going back. on november 2nd, not egyptian president mohammed morsi issued decrees that insulated him in the constituent assembly writing the constitution from judicial review. there was concern that if the islamists dominated, they would be resolved by the courts which are, by and large, made up of judges appointed by hosni mubarak. this has thrown a dip into turmoil and produced protests. subsequently when the constituent assembly in an overnight session approved a constitution, it has now become a battle over the constitution. host: if you would like to talk about what is happening in egypt, here are the numbers. and if you are outside the u.s., -- just watching some footage from al-jazeera, why is this significant? guest: egypt is the most populous country in the arab world. have been a strategic ally of the united states. since the uprising that ousted house. mubarak, they have tried to maintain close ties with egypt. they are at peace with israel, but a country of that size in chaos, on the verge of economic collapse, it's not good for ame
and spending cuts take hold. >> opponents of egyptian president mohamed morsi are not letting up. they're calling for nationwide protests after morsi refused to set a date. he gave himself sweeping parties and wasn't enough to appease his critics. >> packers quarterback aaron rodgers running for a 27-yard touchdown. yeah, that's the longest in his career. green bay's 27-20 victory over detroit. packers now have an nfl record 22-game winning streak at home against the lions and can clinch the nfc north next weekend. but that would require a win over chicago. it's hanukkah time. that's what they did in washington sunday. the national hanukkah menorah was illuminated during a ceremony outside the white house. it stands adjacent to the white house christmas tree. as he's done for 20 years, the rabbi presided over that ceremony. 20 years. that is quite a streak. >> very nice. thank you. >>> 49 minutes past the hour. people waking up in minnesota right now have a little work to do, i would say so. there is as much as 17 inches of snow waiting to be shoveled outside. in some parts of the stat
president mohamed morsi's power grab. we've seen what he's done over the last couple of weeks. these protests are in response to several decrees issued by morsi that gives him near absolute power. last night an estimated 10,000 people crowded in the center of alexandria. tens of thousands rallied in tahrir square. and 100,000 demonstrated in front of the presidential palace. >>> and back here in tus, a busy economic calendar. we get the adp employment report, which is -- i don't know whether it's better or worse now. we'll see. >> they're looking at -- oh, private payrolls. >> coming in at 125 in private jobs. >> 79,000 or 80,000, which was closer to the total number. >> we must still be losing government jobs. 8:30 eastern, a revision to third quarter productivity and costs. and then later this morning, a november ism number, but it's nonmanufacturing. here's a few early stocks to watch. facebook is going to join the fa face the nasdaq indix. pandora media is lowing its fourth quarter guides. they are worried about the fiscal cliff. shares dropped after hours. that's not wher
Search Results 0 to 22 of about 23 (some duplicates have been removed)